PRSG Announces Mandatory Redemption of Its 7% Senior Notes Due 2036 (8/24/12)
HAMILTON, Bermuda--(BUSINESS WIRE)--Primus Guaranty, Ltd. (the “Company”) (OTC PINK: PRSG) today announced that it has issued a notice of mandatory redemption (the “Mandatory Redemption”) of all of its 7% Senior Notes due 2036 (“Senior Notes”) on September 27, 2012 (the “Redemption Date”). The Senior Notes to be redeemed in the Mandatory Redemption shall be redeemed at 100% of the principal amount thereof plus accrued interest to the Redemption Date, and interest on the Senior Notes will cease to accrue on and after the Redemption Date.
Investors with questions about the Mandatory Redemption can contact Deutsche Bank Trust Company Americas, the Trustee for the Senior Notes, at 1-800-735-7777.
About Primus Guaranty
Primus Guaranty, Ltd. is a Bermuda company with offices in New York. Through its subsidiary, Primus Financial Products, LLC, the Company provides protection against the risk of default on primarily investment grade corporate and sovereign reference entities. Its common shares trade on the OTC Pink Tier of the OTC market. Investors can find Real Time Level 2 quotes and market information for the Company on www.otcmarkets.com.
Some of the statements included in this press release and other statements Primus Guaranty may make, particularly those anticipating future financial performance, business prospects, operating strategies and plans, market performance, valuations and similar matters, are forward-looking statements that involve a number of assumptions, risks and uncertainties, which change over time. Any such statements speak only as of the date they are made, and Primus Guaranty assumes no duty to, and does not undertake to, update any forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements, and future results could differ materially from historical performance. For a discussion of the factors that could affect the Company's actual results please refer to the risk factors identified by the Company in, among other documents, its Annual Report on Form 10-K for the year ended December 31, 2011 and other filings previously made with the U.S. Securities and Exchange Commission.
Primus Guaranty, Ltd.
Nicole Stansell, 212-697-1992